MGM Rewards Iconic World Elite Mastercard®
The MGM Rewards Iconic World Elite Mastercard® from FNBO earns up to 2% effective value on grocery in Madeen's catalog snapshot. Its annual fee is $249. New applicants may see: Earn 30,000 Bonus Points ($300 value) after spending $5,000 in the first 3 billing cycles of account opening. Madeen compares this card against the cards you already carry — no bank login required.
- Top category
- Grocery
- Effective value
- 2%
- Annual fee
- $249
Madeen may earn compensation from some apply links. Affiliate disclosure
Madeen compares public issuer terms with its card-rule catalog. Issuer pages control rewards, fees, benefits, exclusions, and eligibility; Madeen does not issue cards, make approval decisions, or provide financial advice.
What does the MGM Rewards Iconic World Elite Mastercard earn in each category?
Grocery is the strongest category at 2% effective value (2x points at about 1 cents each). That grocery rate ranks higher than about 47% of the 1,552 cards we track in that category. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
Grocery is the strongest category at 2% effective value (2x points at about 1 cents each). That grocery rate ranks higher than about 47% of the 1,552 cards we track in that category.
| Category | Earn rate | Effective value |
|---|---|---|
| Dining Restaurants, cafes, takeout | 1x points | 1% |
| Grocery Supermarkets and grocery stores | 2x points | 2% Top category |
| Gas Gas stations and fuel | 2x points | 2% |
| Travel Flights, hotels, transit | 2x points | 2% |
| Other General everyday spend | 1x points | 1% |
Madeen values MGM Rewards at about 1 cents each. Madeen compares every card using this cash-equivalent estimate while still showing the raw earn rate for context.
What are the MGM Rewards Iconic World Elite Mastercard reward caps and conditions?
The MGM Rewards Iconic World Elite Mastercard has 3 notable cap or condition rule(s) in Madeen's catalog, including activation windows, spend limits, and category exclusions. Review each bullet below before assuming unlimited earn rates. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
- 2X - Earn 2 points and 2 tier credits per $1 spent on gas
- 2X - Earn 2 points and 2 tier credits per $1 spent at supermarkets
- 2X - Earn 2 points and 2 tier credits per $1 spent at hotels
Who should get the MGM Rewards Iconic World Elite Mastercard?
The MGM Rewards Iconic World Elite Mastercard fits spenders who put meaningful volume in grocery and can earn 2x points. Best for spenders who put meaningful volume in grocery and can earn 2x points. The welcome bonus can help if you can meet the spend requirement. Travel perks may add value beyond the earn rate.
MGM Rewards Iconic World Elite Mastercard fits spenders who put meaningful volume in grocery and can earn 2x points. Madeen ranks its grocery effective rate higher than about 47% of the catalog in that category. Compare it against cards you already carry with Madeen — no bank login required.
Best for spenders who put meaningful volume in grocery and can earn 2x points. The welcome bonus can help if you can meet the spend requirement. Travel perks may add value beyond the earn rate.
Compare it against simpler no-fee cards if you want minimum complexity.
Best for grocery-heavy spend when the $249 fee fits your usage; confirm issuer terms before applying. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
Pros
- Strongest Madeen category is grocery at about 2% effective (2x points).
- No foreign transaction fee listed.
- Welcome bonus may add value if you can meet spend requirements.
- Includes travel or statement credits in our benefits snapshot.
Cons
- $249 annual fee requires enough spend in bonus categories to offset.
- Multiple caps, activations, or exclusions may limit headline earn rates.
- MGM Rewards value depends on how you redeem, not straight cash back.
Does the MGM Rewards Iconic World Elite Mastercard have an annual fee, and what's the welcome bonus?
The MGM Rewards Iconic World Elite Mastercard has an annual fee of $249 and a foreign transaction fee of None. New applicants may see: Earn 30,000 Bonus Points ($300 value) after spending $5,000 in the first 3 billing cycles of account opening. Confirm current issuer terms before applying.
- Annual fee
- $249
- Foreign transaction fee
- None
- Signup bonus
- Earn 30,000 Bonus Points ($300 value) after spending $5,000 in the first 3 billing cycles of account opening
What travel perks does the MGM Rewards Iconic World Elite Mastercard include?
The MGM Rewards Iconic World Elite Mastercard includes Trusted traveler credit, Lounge access, Complimentary Night, Free Self-Parking and more in our snapshot. Perks and benefits can change; verify coverage on the issuer site before you rely on them. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
- Trusted traveler creditGlobal Entry or TSA PreCheck® Statement Credit valid every 4 years
- Lounge accessPriority Pass™ Digital Lounge Membership
What benefits come with the MGM Rewards Iconic World Elite Mastercard?
- Complimentary Night
Complimentary Night up to $250 annually at card anniversary with $25,000 spend
- Free Self-Parking
Self-parking is complimentary for current MGM Rewards™ World Elite Mastercard® cardholders. Guests must insert their Pearl, Gold, Platinum or NOIR MGM Rewards card at the exit gate to receive the free parking benefit.
- Global emergency servicesIncluded with World Elite Mastercard®
Call 1-800-MASTERCARD (1-800-627-8372) for 24/7 assistance to report a lost or stolen card.
- Global Entry or TSA PreCheck®
Global Entry or TSA PreCheck® Statement Credit valid every 4 years, credited within 6-8 weeks of the transaction
- HealthLockIncluded with World Elite Mastercard®
Enroll in HealthLock for Mastercard Medical Claim Monitor complimentary membership plus a 90-day upgrade to all HealthLock services at no monthly cost.
- InstacartIncluded with World Elite Mastercard®
Groceries and more delivered in as fast as one hour. Get $10 off your second order each month, and new Instacart+ members can also get three free months of Instacart+. Offer expires 1/31/2027.
- Lounge Membership
Priority Pass™ Digital Lounge Membership
- LyftIncluded with World Elite Mastercard®
More rides means more adventure. Take three rides in a month with Lyft to earn a $5 credit.3* Plus, save 10% on all scheduled rides to or from U.S. airports when you pay with your World Elite or World Legend Mastercard. Offer expires 1/31/2027.
What annual spend bonuses does the MGM Rewards Iconic World Elite Mastercard offer?
- 10,000 Tier Credit Bonus annually at card anniversary with $25,000 spend
- Complimentary Night up to $250 annually at card anniversary with $25,000 spend
Common questions about the MGM Rewards Iconic World Elite Mastercard
Does the MGM Rewards Iconic World Elite Mastercard have an annual fee?
The MGM Rewards Iconic World Elite Mastercard carries an annual fee of $249 in Madeen's catalog snapshot. Issuer terms can change, so confirm the current fee on the issuer's site before you apply. Madeen does not predict approval or prequalification.
What category earns the most with the MGM Rewards Iconic World Elite Mastercard?
Grocery is the strongest Madeen category for the MGM Rewards Iconic World Elite Mastercard at about 2% effective value, based on our catalog snapshot and standard point valuations. Other categories are listed in the effective-rate table on this page. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
Does the MGM Rewards Iconic World Elite Mastercard charge foreign transaction fees?
The MGM Rewards Iconic World Elite Mastercard does not charge a foreign transaction fee in Madeen's catalog snapshot, which can make it stronger for purchases outside the U.S. Issuer terms still control international acceptance and other fees. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
What is the MGM Rewards Iconic World Elite Mastercard welcome bonus?
The MGM Rewards Iconic World Elite Mastercard welcome offer in our snapshot: Earn 30,000 Bonus Points ($300 value) after spending $5,000 in the first 3 billing cycles of account opening. Minimum spend, eligibility, and offer windows are set by the issuer and can change.
Is the MGM Rewards Iconic World Elite Mastercard annual fee worth it?
Whether the $249 annual fee pays off depends on how much you spend in grocery and whether you use the card's benefits. Madeen compares effective rates across the cards you already carry without bank login. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
What credit score do you need for the MGM Rewards Iconic World Elite Mastercard?
Madeen's catalog lists a typical credit range of Good to Excellent for the MGM Rewards Iconic World Elite Mastercard. Issuers decide approval using their own criteria; Madeen does not predict approval odds or prequalification. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
How does the MGM Rewards Iconic World Elite Mastercard compare to similar cards?
Compare the MGM Rewards Iconic World Elite Mastercard against MGM Rewards World Elite Mastercard (2% on Grocery, $0 fee); Amtrak Guest Rewards Mastercard (5% on Dining, $0 fee); Amtrak Guest Rewards Preferred Mastercard (5% on Dining, $99 fee). Madeen ranks effective value by category and annual fee using the same catalog snapshot dated 2026-05-01.
| Card | Top category | Effective value | Annual fee |
|---|---|---|---|
MGM Rewards Iconic World Elite Mastercard This card | Grocery | 2% | $249 |
| Grocery | 2% | $0 | |
| Dining | 5% | $0 | |
| Dining | 5% | $99 | |
| Dining | 4.6% | $0 |
Related Madeen guides
Related cards
Issuer links
Madeen may earn compensation from some apply links. Compensation may affect which offers are available, but it does not control recommendations for cards you have already added to your wallet. Affiliate disclosure
See how this card ranks in your wallet
Madeen compares the cards you already carry for dining, groceries, gas, travel, and everyday purchases — free, no bank login required.